EUR/USD 1.12256
-0.108%
Gold 4175.71
0.168%
Oil 97.548
-1.288%
USD/JPY 157.996
0.003%
GBP/USD 1.33279
0.001%
GBP/JPY 210.580
0.004%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
October 19th - Public opinion polls show that Japanese Prime Minister Sanae Takaichis approval rating has declined following the resignations of cabinet members due to scandals. A poll conducted by All Nippon News Network (ANN) from October 17th to 18th showed that the Takaichi cabinets approval rating dropped 11.2 percentage points to 47.1%, the most significant drop among similar polls conducted by multiple media organizations. A poll by the Yomiuri Shimbun showed her approval rating dropped 2 percentage points to 57%. Last week, Agriculture, Forestry and Fisheries Minister Kazuo Ryō announced his resignation, with media reports alleging he violated election funding regulations; furthermore, he had boasted that he had reduced funding to local governments that did not support his campaign in the February election.On October 19th, the Canadian military confirmed on the 18th that the serious fire that broke out on the 17th at the Wynnewright military base in Alberta, western Canada, was caused by live-fire training. The incident has resulted in the deaths of four soldiers, and 39 others are receiving treatment in hospital, at least 19 of whom are in critical condition. According to the military, the live-fire training conducted on the 17th triggered the grassland fire. Major General Wade Rutland stated that soldiers were conducting live-fire training, including grenade throwing, at a grenade range, and carrying out a tactical exercise that the military refers to as "platoon assault."The yield on Japans 20-year government bonds fell 1.5 basis points to 3.790%.Japanese Prime Minister Sanae Takaichi: Plans to moderately control the issuance of Japanese government bonds.October 19th, Futures News: Crude oil prices fluctuated at high levels, refinery costs remained high, and fuel oil demand was still relatively strong. Refineries increased sales volume and were reluctant to sell at low prices, but downstream buyers were cautious about operating on high-priced resources due to their limited needs. Market buying activity was lukewarm, with upstream and downstream players locked in a battle of wills. It is expected that fuel oil negotiations will remain mostly stable today, with some products experiencing slight price fluctuations depending on their own sales status.

Daily Cryptocurrency Market Highlights - SOL Contradicted a Bullish Top Ten Trend

Daniel Rogers

Oct 24, 2022 15:57

 截屏2022-10-24 下午3.16.32.png

 

The top 10 cryptocurrencies had a mixed Saturday session, with solana (SOL) breaking the trend. Friday's less hawkish FOMC member talk continued to give support for the overall market despite the session's lack of volatility. The market capitalization of cryptocurrencies increased by $3.7 billion to $880,3 billion, lowering October's deficit to $26 billion.

 

The Saturday session for the top ten cryptocurrencies was mixed. Solana (SOL) defied the top ten trend, while Ethereum (ETH) and Ripple (XRP) led the way. Despite the positive session, Bitcoin failed to surpass $20,000 for the fifteenth straight day, avoiding a drop below $9,000 in the process.

 

Due to the absence of external market factors, investors were forced to evaluate FOMC member comments from Friday.

 

You should only trade with capital that you can afford to lose while trading derivatives. The trading of derivatives may not be suitable for all investors; thus, you should ensure that you fully comprehend the risks involved and, if necessary, seek independent counsel. Before entering into a transaction with us, a Product Disclosure Statement (PDS) can be received through this website or upon request from our offices and should be reviewed. Raw Spread accounts offer spreads as low as 0 pips and a commission rate of $3.50 per 100,000 USD traded. Spreads on standard accounts begin at 1 pip with no additional commission fees. CFD index spreads begin at 0.4 points. This information is not intended for inhabitants of any country or jurisdiction where distribution or use would violate local law or regulation.

 

Members of the Federal Open Market Committee (FOMC) are rumored to be discussing a lesser rate hike in December, which has bolstered hopes for an end to the aggressive inflation targeting policies.

 

Mary Daly, a FOMC member, stated on Friday that it is time to consider easing back, which should prevent a Fed-induced recession. Former Fed Chair and US Treasury Secretary Janet Yellen also made crypto-friendly remarks. Yellen observed no indications of inflation getting rooted in the U.S. economy.

 

The talk on Friday reduced the likelihood of a 75-basis-point rate hike in December. According to the FedWatch Tool, the chance of a 75-basis point rate hike in December has decreased from 75.4% on Thursday to 45.6%.

 

The lowering odds on a December hawkish move are crypto-positive. However, with the FOMC in its blackout period, Monday's economic data could bring uncertainty. The October PMIs for the US private sector will garner significant interest. Positive headline and subcomponent statistics could rekindle hopes for a 75-basis-point increase in December.

 

Earlier in the Monday session, China's Q3 GDP figures will also garner notice. However, we anticipate the NASDAQ 100 Mini to set the tone during the final hour of trading today (UTC). The decline in the likelihood of a December rate hike predicts a bullish start to the week.

 

After a Bullish Saturday, the Crypto Market Eyes its Third Straight Gain. The crypto market fell to a low of $872.4 billion in the early hours of the day due to a mixed start to the day. However, after finding support throughout the morning, the cryptocurrency market reached a high of $884,9 billion in the early afternoon before retreating.

 

Despite the decline, the crypto market increased by $3.7 billion to $880,3 billion by the end of the day. The crypto market lost $26 billion in October after a second consecutive increase.

 

While the start of the Sunday session is bearish, a third consecutive bullish session would be the first since September 12, the day before the August US CPI report.

Suggestion